According to monetarists, if the economy is initially in long-run equilibrium, an increase in the money supply will __________ the price level and Real GDP in the short run, and will __________ only __________ in the long run
A) lower; lower; the price level
B) raise; raise; Real GDP
C) raise; lower; Real GDP
D) raise; raise; the price level
E) raise; raise; the unemployment rate
D
Economics
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With two-part pricing, a firm
A) charges a lump-sum fee that gives the consumer the right to buy a good or service. B) must have market power. C) must be able to prevent resale. D) All of the above.
Economics
Over the long run, per capita incomes in different regions of the United States have
a. gradually diverged with the Northeastern region leading all other income groups. b. gradually converged. c. gradually converged until roughly 1985, and then diverged as the Western states outpaced other regions. d. have converged, with the exception of the South.
Economics